How to get a long term loan from any organisation or bank

[Nicklas22]

For a bank or company to offer you a loan, you have to have a good business plan, they need to be aware that you have a good business plan for them to grant you the loan.
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For a bank or company to offer you a loan, you have to have a good business plan, they need to be aware that you have a good business plan for them to grant you the loan.

 

[Sincerem]

That's true. Bank can never grant an individual requesting for loan when his profile or credentials doesn't match their requirements for the loan. Bank access the individual's business plan, reason for the business, location and age.

 

[Shigobad20201]

The process if gefting a long term loan form a bank or a businessorganisation is long, first you need to write am letter informing them that you want to borrow a money , after that you have to get a witness that will stand do you as a surety, before you can be given any loan.

 

[Sincerem]

The process if getting a long term loan form a bank or a business organisation is long, first you need to write them letter, informing them that you want to borrow money. After that you have to get a witness that will stand do you as a surety, before you can be given any loan.

It isn't easy at all, to get money from the financial institution (bank). They will frustrate you, make you go under stress before getting the loan offer. That makes me not to depend on any form of loan at all to start my business.

 

[Jumoke12]

I have some couple of tips and tricks which can assist you When you are about to advance for a loan in a bank or a Financial Association.

1. Compose a letter or a proposition to the association or bank about an advance. Take it there yourself.
2. Have a Composed Plan. Ensure it gives each insight regarding your business or what you are intending to utilize the cash for.
3. Have a guarantee. In the event that the advance you need to get is worth millions.
4. Try not to be excessively Demanding.
5. Make sure the cash you need to get is truly worth the proposition you brought.
6. Try to meet with the manage about the advance.

You are right but you have to have a good credit score with the bank before you can be granted loan. no bank will borrow you if you're not a good customer.

 

[Abbeyola]

I have some couple of tips and tricks which can assist you When you are about to advance for a loan in a bank or a Financial Association.

1. Compose a letter or a proposition to the association or bank about an advance. Take it there yourself.
2. Have a Composed Plan. Ensure it gives each insight regarding your business or what you are intending to utilize the cash for.
3. Have a guarantee. In the event that the advance you need to get is worth millions.
4. Try not to be excessively Demanding.
5. Make sure the cash you need to get is truly worth the proposition you brought.
6. Try to meet with the manage about the advance.

The procedure of long term loans are mostly tedious, if the applicant is not that determined, he or she will get frustrated and forget about it.

 

[Chibson]

Taking a loan from banks or organisations requires you to have a collateral. Manybanks may not give you a loan without you having a collateral.

 

[Victor001]

In addition,you need to be working or have a collateral,else your templates will be rejected, especially for long term loan,there must be certainty of physical payment.

 

[Setho]

All the things you have mentioned are just the process that is required for the bank to consider you for a loan. To increase chances, you should study the bank loan eating system and try to match them. Having a powerful guarantor is key too.

 

[nimzy]

It is not easy and I believe is quite interesting but as I have mentioned earlier not easy because it needed some requirements which may cost alot of time and resources to gain as collateral.

 

[Ehizzy1]

Thanks for this tips and i think that most needed part is for you to have the required capital because that is what they would first consider before thinking of giving you the loan

 

[MercySmith]

Before getting a loan from a bank or any other financial institution, it is important that you have proper plan on how the loan will be spent and how to repay.

 

[Richard92]

as a business owner or an entrepreneur who wants to get a long-term loan from the bank you have to present a collateral. With these you will be enable to get a long-term loan from the bank.

 

[Setfragil]

Getting a long term loan from the bank requires a tedious process by the bank in case the borrower default in his payments agreements. When you are getting a long term loan from the bank, make sure you go with your lawyer to help relate whatever statements you are not clear with and ask questions where you are confused to avoid be cheated by the bank.

 

[Setho]

You should research about the lending institution you want first. A lot of banks want to loan out money to an already established business with hois guarantor.

 

[Senator]

Before you decide to proceed with this your proposed plan of securing a loan from a financial institution like a bank and others, be sure it is something you can as well be able to pay back with some kind of backup plan for it of things go south

 

[Setho]

Different financial institutions have different rules concerning their loan policies. I advice that you go to them and have a good knowledge of the loans first.

 

[Kunkun]

Well those are good tips and suggestions that would definitely work out well for this seeking to get loans, and I must reiterate the importance of having a guarantor the higher the better

 

[Razor1911]

The procedure of long term loans are mostly tedious, if the applicant is not that determined, he or she will get frustrated and forget about it.

That is tedious indeed. Since bank will be providing loan long term, they will also ensure Whethee you are capable enough to pay all the dues timeley. Hence they scrutinize each and every documents, which delays up the things.

 

[Kane]

You need a collateral for a loan. Normally you can get only upto 70 percent loan against your collateral (the bank rule in our country), you also need to show your income as a guarantee for repayment.